VA Annex at Downtown West

Office for Sale
Sale Pending
Catylist Listing ID: 28288144
Property Subtypes: Governmental
Status: Pending
Building Size (RSF): 8,011 SF
Gross Building Area: See Agent
Gross Land Area: 7,478 SF
Sale Price: $1,484,000
Unit Price: $185.25 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 2/6/2019

Overview / Comments

New 10-year renewal just completed. Lease expires 9/30/2028. 8,011 rentable square feet leased to the Veterans Administration for their administrative offices and hearing and speech services. NOI is $148,385/year.

Financials

Finance Data Year 2019
Net Operating Income $148,384 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name Veterans Administration
Lease Expiration 9/0030

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 120IB01100Y

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,047 68,817 143,081
Median Age: 35.36 37.43 37.49
Households: 4,596 30,505 61,184

Contact

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